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Tds applicability on transfer of property

This query is : Resolved 

02 April 2015 client A enters into an agreement for 99 years lease with kssidc. does client A should deduct tax? please explain.

02 April 2015 Yes it has to be deducted.
Long term lease – if a lease agreement is entered into for a period of more than 12 years, the lessee (the person taking the property on lease) is regarded as the owner of the immovable property. This is also regarded as a ‘transfer’ under the Act.



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